Uralkali CEO's detention switched to house arrest

11:42 AM MST | December 11, 2013 | Natasha Alperowicz

Uralkali (Berezniki, Russia), one of the world’s leading potash producers, has announced that, on 10 December, the Russian court decided to change the detention of Vladislav Baumgertner, the company’s CEO, to house arrest. He had been held at a detention center at Moscow. The company says it welcomes the change of detention and is not aware of any information that would change its position on the CEO. Uralkali’s board continues to actively monitor developments and will take actions as appropriate and necessary in the best interests of the...